Western Alliance Bancorp stock falls as Fitch places company on negative rating watch

Western Alliance Bancorp stock WAL fell 8% in premarket trades after credit rating agency Fitch Ratings placed the company’s debt and deposit ratings on rating watch negative. Fitch analysts said current market conditions “have created liquidity stresses outside the baseline assumptions.” Fitch said it’s considering the assignment of a negative or stable outlook depending on market conditions and the impact to the bank’s deposit franchise, long-term earning power and capitalization.

Western Alliance Bancorp stock WAL fell 8% in premarket trades after credit rating agency Fitch Ratings placed the company’s debt and deposit ratings on rating watch negative. Fitch analysts said current market conditions “have created liquidity stresses outside the baseline assumptions.” Fitch said it’s considering the assignment of a negative or stable outlook depending on market conditions and the impact to the bank’s deposit franchise, long-term earning power and capitalization.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Republic and Western Alliance pace big rebound in regional-bank stocks after huge lossesRegional-bank stocks posted big gains Tuesday after huge losses in the previous session, but volatility continued following the demise of SVB and other banks.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: Lennar, First Republic, Western Alliance and moreSee which stocks are posting big moves after the bell. Stop ignoring the blatant fraud in our financial markets. Report a real story on the real crimes against retail investors happening NOW! MMTLP $MMTLP
Source: CNBC - 🏆 12. / 72 Read more »